Skyline to take majority stake in 460-MW Texas wind portfolio
GE wind farm in Europe. Image courtesy: GE. All rights reserved.
Skyline Renewables LLC has agreed to acquire the 51% stake held by Starwood Energy Group Global Ltd in the Horse Creek and Electra wind farms in Texas, totalling 460 MW.
The agreed transaction will increase Skyline’s wind portfolio to 686 MW of controlled capacity. The company was created earlier this year by private investment house Ardian and Transatlantic Power Holdings. Its first acquisition, that of the 60-MW Whirlwind wind farm in Texas, was announced in March 2018. Skyline also said it bought the 166-MW Hackberry wind park in Texas last month.
The Horse Creek and Electra facilities are located in Haskell and Wilbarger counties and each has a capacity of 230 MW, consisting of 100 units of 2.3-MW GE turbines. Both wind parks have long-term hedges.
The transaction will be closed later this year, at which point Skyline will start managing the two assets.
Energy infrastructure investor Starwood sold its other 49% interest in Horse Creek and Electra to Munich Re’s asset manager, MEAG, last year.